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The post <a href="https://coinpedia.org/price-analysis/as-meme-coins-surge-will-doge-and-shib-boost-2x/" rel="noopener noreferrer nofollow">As Meme Coins Surge, Will DOGE and SHIB Boost 2X?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
As the bullish trend in the altcoins market gains momentum, the meme coins are making a comeback. Amidst the recovery, the bull run in the top meme coins like the DOGE and SHIB is presenting long side opportunities.&nbsp;
As the community-driven coins are quick to pick pace, the upside potential is lucrative for the sideline traders. Will the bull run in the DOGE and SHIB prices lead to a 2x surge this month?&nbsp;
<h2 class="wp-block-heading" id="h-as-doge-clings-at-0-12-will-this-meme-coin-skyrocket">As DOGE Clings At $0.12, Will This Meme Coin Skyrocket?</h2>
Following the bearish reversal from the $0.22 mark, the DOGE price action creates a resistance trendline and a lower-high trend. With the downfall testing the $0.125 high demand zone, the reversal chances may soon take a bounce back.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXe0zLAdtlaOGrdRRyIh5308ruGMTJuA2fB8nKAz4NVNuQqeIZX1G_hNkF0EWU-RlCqLHuudWDeIZzaY7Druz0IkEhtX4wwbEhfx-GnLQ-QajUl8_j7baxf18bG_yC1Yt5JtSQwRurw5WUt_18qgKwNHmy1H?key=vD0pUlSpDt8Gwf5SYelmPA" alt="">
</figure>
<a href="https://www.tradingview.com/x/cXLtOmrh/" rel="noopener noreferrer nofollow">TradingView</a>
Currently, the DOGE price trades at $0.1252 with an intraday gain of 2.71%. Further, the price action reveals a break under the 61.80% Fibonacci level, warning of a crash under the $0.10 psychological mark.&nbsp;
However, the intraday gain and a lower price rejection offer a potential bullish reversal opportunity. Despite the bearish backdrop, the meme coin offers an upside potential of 20% to reach $0.1486.
<h2 class="wp-block-heading" id="h-will-shib-price-revert-negative-cycle-for-30-upside">Will SHIB Price Revert Negative Cycle For 30% Upside?</h2>
Following the bull run in early March, the SHIB price trend fails to sustain the uptrend momentum. The lack of zeal leads to a falling channel in the daily chart and drops the Shiba Inu price by 48% in the last 100 days.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXc522oA1w0mtAr1Yg8nJQ6_JQkdmhZrBtf4ksJtZ_XFtfzy7vzPYjafnd-tRx47PjOxNdJoXSUx_TkrwIOrjV1Kb-zywmNOtV3z6PoPuqzh46CNVvEMFnR5ow8AxRVduEnh4YDVygbi22PVi2_BtgtkPp1m?key=vD0pUlSpDt8Gwf5SYelmPA" alt="">
</figure>
<a href="https://www.tradingview.com/x/oDTq8CGh/" rel="noopener noreferrer nofollow">TradingView</a>
Currently, the SHIB price action reveals a lower low formation with the $0.000020 psychological mark breakdown. Further, the meme coin trades at $0.0000188 with an intraday gain of 4.37%, creating a bullish candle above $0.000018.
A potential retest of $0.000020 could increase the chances of an uptrend if it surfaces above the psychological mark. In such a case, an early reversal in the negative cycle can retest the overhead resistance trendline near $0.00002470.

As Meme Coins Surge, Will DOGE and SHIB Boost 2X?

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